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Brent, WTI Firmer, Gold Weaker

COMMODITIES

Volatile week for oil, Brent and West Texas variants higher but off early Monday levels. Earlier headlines noted Mexico considering a halt to crude export cuts as prices rally off midweek lows.

  • Lack of progress in Russia/Ukraine peace talks adding to bid on increased uncertainty over the weekend. That said, Gold is weaker on the day
  • WTI is +1.39% at $104.41 and next eyes key resistance at $110.29, the Mar 11 high. A break of this level would signal scope for a stronger short-term rally.
  • Brent is +0.83% at $107.52
  • Gold is -1.17% at $1920.5, and -3.25% from week ago levels

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